FD Loan
Samata provides Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return. The amount of the loan depends on the FD deposit amount. This can go up to 90% of the deposit amount.
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- Who Can Apply
- Interest rate
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As compared to other loan options, a loan against FD has 1% more than FD interest rate. You also do not need to pay any charges for processing and other taxes that might get levied on other loan options. Therefore, by opting for a loan against FD, you do not lose out on your fixed deposit. Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return. The amount of the loan depends on the FD deposit amount. This can go up to 90% – 95% of the deposit amount
A loan against FD can be taken by anyone who already has a functional fixed deposit in samata patsanstha. You do not need other additional documents to take a loan against an FD. The interest rates on loan against FD are lower than the interest rate on regular loans. There is no pre-payment penalty for a loan against FD
Duly Filled Application Form
- Fixed / Term Deposit receipts duly discharged in favor of the Samata Patsanstha